Oceaneering International (NYSE:OII) SVP Jennifer Fremont Simons Sells 10,284 Shares of Stock

Oceaneering International, Inc. (NYSE:OII) SVP Jennifer Fremont Simons sold 10,284 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $38.96, for a total transaction of $400,664.64. Following the sale, the senior vice president owned 35,387 shares of the company’s stock, valued at approximately $1,378,677.52. The trade was a 22.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Jennifer Fremont Simons also recently made the following trade(s):

• On Monday, January 5th, Jennifer Fremont Simons sold 29,155 shares of Oceaneering International stock. The shares were sold at an average price of $26.35, for a total value of $768,234.25.

Oceaneering International Stock Performance

NYSE:OII opened at $37.61 on Friday. The company has a market capitalization of $3.74 billion, a P/E ratio of 10.75 and a beta of 1.26. The business has a fifty day simple moving average of $29.31 and a two-hundred day simple moving average of $25.89. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 1.68. Oceaneering International, Inc. has a 1 year low of $15.46 and a 1 year high of $39.00.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, February 18th. The oil and gas company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. Oceaneering International had a return on equity of 21.58% and a net margin of 12.71%.The company had revenue of $668.57 million during the quarter, compared to the consensus estimate of $678.16 million. During the same quarter in the prior year, the company earned $0.37 EPS. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OII. SummerHaven Investment Management LLC purchased a new position in Oceaneering International in the 3rd quarter worth approximately $967,000. Essex Investment Management Co. LLC lifted its holdings in shares of Oceaneering International by 58.7% during the 3rd quarter. Essex Investment Management Co. LLC now owns 159,261 shares of the oil and gas company’s stock worth $3,946,000 after acquiring an additional 58,925 shares during the last quarter. SG Americas Securities LLC grew its position in Oceaneering International by 1,377.0% in the third quarter. SG Americas Securities LLC now owns 156,547 shares of the oil and gas company’s stock worth $3,879,000 after acquiring an additional 145,948 shares in the last quarter. CenterBook Partners LP purchased a new position in Oceaneering International in the third quarter worth $409,000. Finally, Greenhouse Funds LLLP increased its stake in Oceaneering International by 9.9% in the second quarter. Greenhouse Funds LLLP now owns 2,491,803 shares of the oil and gas company’s stock valued at $51,630,000 after acquiring an additional 223,724 shares during the last quarter. 93.93% of the stock is owned by institutional investors.

Trending Headlines about Oceaneering International

Here are the key news stories impacting Oceaneering International this week:

• Positive Sentiment: Oceaneering is cited in a market piece noting the stock reached a 52‑week high as part of strength in the NYSE Composite — a technical/momentum signal that can attract momentum investors and support the rally. Oceaneering International (NYSE:OII) 52-Week High Reflects Strength In NYSE Composite
• Negative Sentiment: Multiple senior executives and a board director executed large open‑market sales on Feb. 25–26 (COO Benjamin Laura, SVPs Earl Childress, Holly Kriendler, Jennifer Fremont Simons, Christopher Dyer, and Director Karen Beachy). Collectively these insiders sold roughly 111.7k shares for about $4.2M, with several transactions reducing individual holdings by 20–42%. Large, concentrated insider selling can create near‑term downward pressure and raise investor concern over insider conviction, even if some sales are for diversification or liquidity. See one Form 4 filing (Ben Laura) as an example; others were similarly disclosed. SEC Form 4 (Benjamin Laura)

Wall Street Analyst Weigh In

Several analysts have recently issued reports on OII shares. TD Cowen boosted their price target on shares of Oceaneering International from $25.00 to $27.00 and gave the company a “hold” rating in a research report on Monday, November 3rd. Wall Street Zen raised shares of Oceaneering International from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Barclays increased their target price on Oceaneering International from $23.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Monday. Weiss Ratings upgraded Oceaneering International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Finally, Zacks Research upgraded Oceaneering International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

About Oceaneering International

Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.

Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.